Adv
LANGUAGES
English
Hindi
Spanish
French
German
Chinese_Simplified
Chinese_Traditional
Japanese
Russian
Arabic
Portuguese
Bengali
Italian
Dutch
Greek
Korean
Turkish
Vietnamese
Hebrew
Polish
Ukrainian
Indonesian
Thai
Swedish
Romanian
Hungarian
Czech
Finnish
Danish
Filipino
Malay
Swahili
Tamil
Telugu
Gujarati
Marathi
Kannada
Malayalam
Punjabi
Urdu
18 JUNE 2020 AL CIRCLE

Wheels India’s cast aluminium facility to go on stream in September

EDITED BY : HEENA IQBAL 1MINS READ

The cast aluminium facility of Wheels India is set to go on stream in September 2020. The INR 120 crore cast aluminium plant will cater to the export demand. Wheels India expects strong demand from the windmill and railways segments.

The new unit will have an annual production capacity of 7.50 lakh wheels.

{alcircleadd}

aluminium

“We have not held up the capital expenditure plans as we see robust demand in the cast aluminium business. There is export demand and we will be able to serve this demand from this new plant", Company Managing Director Srivats Ram told reporters via video conferencing.

"Despite the (COVID-19 enforced) lockdown for two months, if we maintain last year's levels in the windmill and tractor segment, I believe that is a positive development", he said.

"Existing customers may look at realigning their procurement to de-risk their business. And this could throw up opportunities for Indian companies", he added.

aluminium

The company’s net profits standalone net profits for the year ending March 31, 2020 stood at INR 54.1 crore, from INR 75.7 crore in the same period last year. Revenues came in at INR 2,438.7 crore as against INR 3,188.8 crore last year. 


Adv
Adv
Adv
Adv
Adv
Adv
Adv
EDITED BY : HEENA IQBAL 1MINS READ

Responses

Adv
Adv
Adv
Loading...
Adv
Adv
Adv
Loading...
Reports VIEW ALL
Loading...
Loading...
Business Leads VIEW ON AL BIZ
Loading...
Adv
Adv
Would you like to be
featured with us?
Loading...

AL Circle: Aluminium Ecosystem App

A proud
ASI member
© 2026 AL Circle. All rights reserved. AL Circle is not responsible for content from external sources.